The Mercantile Investment Trust (LON:MRC) Sets New 12-Month High – Still a Buy?

The Mercantile Investment Trust plc (LON:MRC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 259 and last traded at GBX 259, with a volume of 52682 shares trading hands. The stock had previously closed at GBX 258.50.

The Mercantile Investment Trust Price Performance

The stock has a market cap of £1.78 billion, a PE ratio of 77.76 and a beta of 1.16. The company has a 50 day moving average price of GBX 251.13 and a two-hundred day moving average price of GBX 250.88.

The Mercantile Investment Trust (LON:MRC) last released its quarterly earnings data on Monday, October 20th. The investment trust reported GBX 5.66 EPS for the quarter. The Mercantile Investment Trust had a return on equity of 20.56% and a net margin of 94.67%.

Insider Transactions at The Mercantile Investment Trust

In related news, insider Graham Kitchen bought 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of GBX 253 per share, with a total value of £25,300. Also, insider Rachel Beagles bought 10,771 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of GBX 247 per share, with a total value of £26,604.37. In the last ninety days, insiders have bought 50,771 shares of company stock worth $12,600,437. Insiders own 0.11% of the company’s stock.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust Approach

Expert market access

As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
Rigorous research

In a segment of the stock market that demands first-hand scrutiny, our disciplined research-based investment approach really sets us apart, providing exceptional access to a diversified portfolio of quality stocks with attractive long-term growth potential.
Focused on dividends

Our focus on quality companies with strong cash flows also helps to generate an attractive income for shareholders, with the opportunity to target annual dividend growth ahead of the rate of inflation.